Why Afterpay, IOUpay, Liontown Resources, & Redbubble are racing higher

In morning trade on Tuesday, the S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain. At the time of writing, the benchmark index is up 0.7% to 6,838.9 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:

The Afterpay share price is up 3% to $129.08 despite there being no news out of the payments company. However, a strong night of trade on the tech-focused Nasdaq index appears to have given the local tech sector a lift today. At the time of writing, the S&P/ASX All Technology Index (ASX: XTX) is up a sizeable 2.1%.

The IOUpay share price is up 4% to 63 cents. Investors have been buying the Malaysia-based buy now pay later (BNPL) provider’s…